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Bitcoin drops under $30,000 for first time in 5 months over China Wednesday June 23 2021 More by this Author London. Bitcoin fell underneath $30,000 on Tuesday for the first time in five months, hit by concerns over Chinaâs ongoing crackdown on the worldâs most popular cryptocurrency. At about 1230 GMT, bitcoin sank as low as $29,334, a level last seen in January, with analysts citing Chinese efforts to curb trading and mining operations. The unit later stood at $29,590, down 9.25 percent in value. âConcerns mount over Chinaâs ongoing clampdown and fears that widespread acceptance of bitcoin and other...
